Live Cattle Still Vulnerable
Each evening we
focus on the most interesting aspects for the upcoming
trading day. The comments are based on observations of the
nightly updates of the Futures and Market Bias pages. They
are provided for educational purposes only and are not
intended to be direct trading advice. Also, keep in mind
that these remarks are made up to 12 hours in advance of the
markets opening. Therefore, overnight events may alter the
outcome of these observations.
December live cattle
(
LCZ1 |
Quote |
Chart |
News |
PowerRating), mentioned recently, still look poised to make another leg lower.Â
Follow Up
The December British Pound
(
BPZ1 |
Quote |
Chart |
News |
PowerRating) and
December coffee
(
KCZ1 |
Quote |
Chart |
News |
PowerRating), both mentioned recently as potential shorts, have
dropped nicely over the last few days. When blessed with a quick profit, make
sure you lock in a piece. See the money management examples in my Stock Outlook
or my articles under Traders
Lessons.
Best of luck with
your trading on Tuesday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!
Â